In several central African states the Central African CFA franc (currency code XAF) is in circulation, such as Cameroon - Central African CFA franc. The Central African CFA franc is of equal value to the West African franc. Both XAF and XOF currencies are referred to as the CFA franc.
XOF News, Forecasts and Trends
The West Africa CFA franc has a fixed rate of exchange with the euro (and previously the French franc) set at 1 euro = 655.957 XOF. The XOF franc is characterised as a credible and stable currency, a significant virtue given the experience of most currency-issuing African nations.
The below interactive chart shows the USD to XOF exchange rate, trend and recent alerts for the last 90 days.
Recent USD to XOF 90-day trend
ALERTS:7-DAY▼2.7% | 60-DAY LOWS |
USD/XOF at 585.91 was trading 2.2% belowAVG:599.06 with LO:573.21 and HI:615.33 (90 days). ALERTS: USD/XOF was DOWN 2.7% this 7-DAY period and also dropped to 60-DAY LOWS.
US Dollar to West African Franc - Historical Rates
Travel, Currency and Money saving tips for Burkina Faso
Whether it's the mud architecture of the Tiebele royal court or the grand mosque, the reserve de Nazinga wildlife park, or the stepped waterfalls, there are many worthwhile reasons to visit landlocked Burkina Faso. The currency is Communaute Financiere Africaine Francs (XOF). If you are bringing foreign currency for exchange, euros will be the safest bet . ATMs are widespread in cities and credit cards are not generally accepted. Unfortunately, at the time of writing April 2018, many countries are advising against non-essential travel to Burkina due to the high risk of terrorist attacks. The Zika virus is also considered a risk at present.
Travel money for Burkina Faso
Save money and time by Ordering your West African Franc online from Travelex, you get better rates and can pick
up the XOF cash locally or even on travel day at the airport.
Another popular option is to
use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate,
but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.
For card purchases if offered a choice of currencies always select to
Pay in West African Franc otherwise you may get much worst exchange rates.
Sending money to Burkina Faso
When searching around for information on how to get a good exchange rate when sending money to Burkina Faso you need to start with finding out the latest
West African Franc foreign-transfer exchange rate.
Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much
you can save (we make that calculation easy here).
Get a better deal for foreign transfers to Burkina Faso
When sending money to Burkina Faso it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers.
To get a better deal you should follow these 4 simple steps :
Open an account with a BER reviewed FX provider (id docs may be required)
You specify the local or West African Franc amount you want to transfer
Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
Once your funds are received by the provider the converted XOF amount will be transfered to the recipient account you specify in Burkina Faso.
Use our Send to West African Franc calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more -
end result is more West African Franc deposited into the recipient bank account and less margins and fees kept by the banks!
